When a partner retires from a partnership and the retiring partner is paid more than the capital balance in her account, which of the following explains the difference?I. The retiring partner is receiving a bonus from the other partners. II. The retiring partner's goodwill is being recognized. 

A. I only
B. II only
C. Neither I nor II
D. Either I or II


Answer: D

Business

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Placing graphic material in the appendix is

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a. Breach of warranty of merchantability. b. Strict liability in tort for a defective condition. c. Both of these are applicable. d. Neither theory is applicable to leases.

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